Vietnam could lose foreign investment opportunities over slow reopening

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Loi Binh Nhan Industrial Hub in the southern province of Long An. Photo by VnExpress/Hoang Nam

 

Foreign business chambers warn Vietnam could lose its opportunity to compete for investment and recover its economy without taking immediate actions in reopening.

 

The country could miss the chance of hosting multinationals diversifying their supply chains out of China and might lag behind global economic recovery, according to the business chambers AmCham, EuroCham, KoCham and U.S.-ASEAN Business Council.

 

At least 20 percent of their members have shifted some manufacturing activities to another country, and more discussions are underway, they told Prime Minister Pham Minh Chinh and other government leaders in a petition.

 

Full Story: https://e.vnexpress.net/news/business/economy/vietnam-could-lose-foreign-investment-opportunities-over-slow-reopening-4359034.html

 

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